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09/25/2017 06:12:01 GMT

Japan’s PM Abe announces a JPY 2 trln economic stimulus package by year-end

Dhwani Mehta FXStreet

Japanese PM Shinzo Abe is out on the wires now, via Reuters, announcing a JPY 2 trillion economic stimulus package and details on the same.

Key Points:

Orders package by year-end

Will make use of revenues from sales tax increase scheduled for oct 2019

Economy minister Motegi to be in charge of package

3 years to 2020 will be period of intense investment

Package to focus on subsidising education, child care costs and encouraging corp investments

Pre-school education will be made free across the board

Need to reach conclusion on funding stimulus package while maintaining fiscal discipline

Also read: Japan’s PM Abe to hold news conference at 0900 GMT - RTRS

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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